RE:Why the concern about a reverse split ?SSShark888 wrote:
I keep seeing posters here worrying about a reverse split and I'm not sure why. I mean I know you would have less shares but the value would be the same. Example: 10,000 sh @ $2 = $20,000 5,000 sh @ $4 = $20,000 The so called big boys (banks, fund managers) won't touch a penny stock even on Nasdaq. So if it attracts more serious buyers and moves the share price then I'm all for it. That's what we're all here for after all..
Maybe the concern is because 99% of reverse splits end up in complete disaster for shareholders. It’s generally a tactic that failing companies use. There’s no rush to the Nasdaq for me. I can wait but thanks for the kinder garden math lesson though.